Butterfly Network (BFLY) Delivers Record Q2 Revenue, Eyes Growth Through Innovation

Butterfly Network, Inc. (NYSE:BFLY) is one of the top 10 medical AI companies to buy, according to analysts. On August 1, Butterfly Network reported its Q2 2025 earnings with record revenue of $23.4 million, up 9% year-over-year. The company narrowed its loss per share to $0.03, outperforming forecasts, and boosted operational efficiency with gross margins climbing to 64%. Despite funding challenges in the healthcare sector impacting deal closures, Butterfly revised its full-year revenue outlook to $91–$95 million.

Butterfly Network (BFLY) Delivers Record Q2 Revenue, Eyes Growth Through Innovation

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Looking ahead, the company aims to expand its Home Care and Octave business segments while introducing key innovations like the P5 chip and IQ Station. CEO Joseph DeVivo voiced strong confidence in Butterfly Network’s trajectory, proclaiming, “Butterfly is going to fly.” He reiterated the company’s mission to make ultrasound technology universally accessible and underscored the promising growth opportunities ahead, driven by cutting-edge innovations and strategic alliances.

Butterfly Network, Inc. (NYSE:BFLY) is a global provider of advanced ultrasound imaging solutions, offering handheld devices like the Butterfly iQ+, iQ3, and specialized systems for bladder scanning and veterinary use. Their products integrate seamlessly with mobile devices and hospital systems, supported by a cloud-based platform that includes educational tools, software subscriptions, and teleguidance features. The company also delivers professional services for large-scale deployments and sells through direct, distributor, and online channels.

While we acknowledge the potential of BFLY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BFLY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.